Karmen Tornius, Programme Manager for the East Africa conferences, commented, “This will be the first time the market has heard these announcements, so it’s an exciting time for Ethiopia’s energy sector. The country presents many unique investment opportunities with its rapidly growing economy and population. Coupled with a more open landscape for private investment, the potential is huge.”
The Management of the IMF on February 5, 2019, completed the first review under the third 12-month Staff-Monitored Program (SMP III) with Somalia, which covers the period May 2018–April 2019.
MainOne has announced a metro fiber infrastructure project in two states of Nigeria, with support from Facebook. The infrastructure collaboration is part of Facebook’s efforts to connect more people to broadband internet.
An International Monetary Fund (IMF) team led by Ms. Annalisa Fedelino said Ghana’s recent economic performance has been favorable despite a less supportive external environment for frontier economies.
The Chairperson of the African Union Commission (AUC), Moussa Faki Mahamat and the President of the African Development Bank Akinwumi Adesina, met Tuesday in Addis Ababa to reaffirm their commitment to accelerate Africa’s economic transformation.
The African Development Bank (www.AfDB.org) and the Economic Community Of West African States Commission (ECOWAS) have signed an agreement for a study into a 1,000 kilometre highway linking Cote d’Ivoire’s commercial capital Abidjan, to Lagos in Nigeria, marking a new step in building regional integration and trade.
Jobs and unemployment in emerging markets and developing countries two focal points of IMF messaging in Davos
IMF spokesperson Gerry Rice said on Thursday said that the IMF is releasing two staff papers based on recent research, ‘one of which will focus on the issue of jobs and unemployment, especially in emerging markets and developing countries, and especially focused on the issue of youth unemployment actually. So that’s going to be launched — that staff paper is going to be launched on January 23’.